Lab Market the revised edition
Transcript of Lab Market the revised edition
-
7/29/2019 Lab Market the revised edition
1/12
http://www.bized.co.uk
Copyright 2005 Biz/ed
Influences on the Labour Market
-
7/29/2019 Lab Market the revised edition
2/12
http://www.bized.co.uk
Copyright 2005 Biz/ed
Influences on the Labour Market
-
7/29/2019 Lab Market the revised edition
3/12
http://www.bized.co.uk
Copyright 2005 Biz/ed
Government
-
7/29/2019 Lab Market the revised edition
4/12
http://www.bized.co.uk
Copyright 2005 Biz/ed
Government Influence
Government policy in a wide variety ofareas has a significant influence
Influences the demand and supply oflabour in direct or indirect ways
Increasing regulation of the labourmarket seen as being damaging by
some Businesses claim legislation and taxes
depress the demand for labour
-
7/29/2019 Lab Market the revised edition
5/12
http://www.bized.co.uk
Copyright 2005 Biz/ed
Employment Legislation
Equal Pay
Sex Discrimination
Disability Health and Safety
Benefits in Work
Pension Rights
Necessity of meeting legislation imposesadditional costs on businesses shifts thedemand for labour to the left
-
7/29/2019 Lab Market the revised edition
6/12
http://www.bized.co.uk
Copyright 2005 Biz/ed
EU Policy
Social Chapter Specifies various employment rights and
responsibilities More rules and regulations for employers to meet
Claim that it makes the labour market less flexible
Imposes additional costs on employers again
Working Time Directive
Again limits employer flexibility
Raises cost!
-
7/29/2019 Lab Market the revised edition
7/12
http://www.bized.co.uk
Copyright 2005 Biz/ed
Trade Unions
-
7/29/2019 Lab Market the revised edition
8/12
http://www.bized.co.uk
Copyright 2005 Biz/ed
Trade Unions
Less popular
Less relevant inservice industries
Decline of nationalbargaining
Impact of changingwork practices andlegislation
New role for tradeunions
Trade union power was affected by successive
legislation passed during the 1980s and 1990s.The Miners Strike headed by Arthur Scargill in1984, proved to be a watershed in trade unionhistory.
But, is militancy rising again?
Title: Arthur Scargill. Copyright: Getty Images, available fromEducation Image Gallery
-
7/29/2019 Lab Market the revised edition
9/12
http://www.bized.co.uk
Copyright 2005 Biz/ed
External Influences
-
7/29/2019 Lab Market the revised edition
10/12
http://www.bized.co.uk
Copyright 2005 Biz/ed
External Influences
Working environmenthas changed
Workers need to be more
flexible Job for life unlikely
Migration trends willaffect labour market
Technology and transport
change the way we work Social Trends women
in the workplace, work-life balance, work ethic
The working environment and attitudes to workhave changed the labour market for good?
Title: Book Keeping. Copyright: Getty Images, available fromEducation Image Gallery
-
7/29/2019 Lab Market the revised edition
11/12
http://www.bized.co.uk
Copyright 2005 Biz/ed
Market Power
-
7/29/2019 Lab Market the revised edition
12/12
http://www.bized.co.uk
Copyright 2005 Biz/ed
Market Power
Extent of market power in the labourmarket
Public Sector workers less marketpower pay determined by government
Monopsony buyers of labour healthservice, education?
Local negotiation in the workplace who has the power?
Extent of information and knowledgeavailable to the employer and employee